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Precast Concrete Market Worth 138.96 Billion USD by 2022

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News provided by

MarketsandMarkets

12 Apr, 2018, 11:30 GMT

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PUNE, India, April 12, 2018 /PRNewswire/ --

The report "Precast Concrete Market by Element (Columns & Beams, Floors & Roofs, Girders, Walls & Barriers, Utility Vaults), Construction Type (Elemental, Permanent Modular, Relocatable), End-use Sector (Residential, Non-residential) - Global Forecast to 2022", published by MarketsandMarkets™, the market size is projected to grow from USD 104.03 Billion in 2017 to USD 138.96 Billion by 2022, at an estimated CAGR of 5.96%. The Precast Concrete Market is projected to witness significant growth in the next few years with the increasing demand for new constructions all over the world due to rapid urbanization and industrialization with large-scale investments in the industrial and infrastructural sectors. Rising construction activities in emerging economies and increasing inclination toward sustainable construction methods are increasing the reliance on modern construction techniques, subsequently creating growth opportunities for the Precast Concrete Market.

     (Logo: https://mma.prnewswire.com/media/660509/MarketsandMarkets_Logo.jpg )

Browse 99 market data Tables and 48 Figures spread through 165 Pages and in-depth TOC on "Precast Concrete Market"

https://www.marketsandmarkets.com/Market-Reports/prefabricated-construction-market-125074015.html 

Early buyers will receive 10% customization on this report

The non-residential segment, by end-use sector, is projected to gain maximum traction during the forecast period. 

The non-residential segment dominated the market in 2016 and is projected to be the fastest-growing end-use sector over the next five years. As a result of the rising urbanization and industrialization, along with the growing demand for better quality bridges, airports, metros, and buildings among others. This market is mostly driven by the upward surge in demand for new constructions all over the world. Rising public and private investment in the infrastructure sector in the emerging economies of Asia Pacific, the Middle East, and South America are drivers for the growth of this market.

Get PDF Brochure @ https://www.marketsandmarkets.com/pdfdownload.asp?id=125074015

Elemental construction to be the fastest-growing segment in the Precast Concrete Market, in terms of value. 

The elemental construction segment is projected to be the fastest-growing construction type segment during the forecast period.  This growth can be attributed to factors such as keen interest from contractors and builders in using individual precast elements to build an entire structure across residential and non-residential construction sectors and increase in public & private investments in the global infrastructural development, especially in the emerging economies of the Asia Pacific and South American regions.

The Asia Pacific region constitutes the largest share in the Precast Concrete Market. 

Asia Pacific contributes a major market share in the global Precast Concrete Market. Increasing industrialization as well as growing population in China, Indonesia, and India are experiencing high demand for residential and non-residential constructions. The rapid urbanization in these countries demands faster and cheaper construction of buildings and facilities without compromising on quality. Additionally, increased government investments in infrastructural constructions provide potential for growth of the Precast Concrete Market in these countries.

The market in this region is also growing rapidly due to the presence of various small and some leading players.The major players in the Precast Concrete Market in Asia Pacific include Komatsu (Japan), Larsen & Toubro (India), and Taisei Corporation (Japan).

The global market for the Precast Concrete Market is dominated by players such as Actividades de Construcción y Servicios (Spain), Bouygues construction (France), Larsen & Toubro (India), Taisei (Japan), Balfour Beatty (UK), Skanska (Sweden), CRH (UK), Cemex S.A.B.DE C.V. (Mexico), Laing O'Rourke (UK), Julius Berger Nigeria (Nigeria).

Know more about Precast Concrete Market:
https://www.marketsandmarkets.com/Market-Reports/prefabricated-construction-market-125074015.html

About MarketsandMarkets™  

MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies' revenues. Currently servicing 5000 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.

Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.

MarketsandMarkets's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.

Contact:
Mr. Salgarkar
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com

Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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